Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by United Services Automobile Association

United Services Automobile Association reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 19.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,182 shares of the information services provider's stock after selling 32,403 shares during the period. United Services Automobile Association's holdings in Alphabet were worth $22,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Alphabet by 0.3% during the third quarter. State Street Corp now owns 222,555,548 shares of the information services provider's stock worth $36,910,838,000 after buying an additional 743,369 shares in the last quarter. Fisher Asset Management LLC grew its stake in Alphabet by 2.5% in the 3rd quarter. Fisher Asset Management LLC now owns 49,857,900 shares of the information services provider's stock worth $8,268,933,000 after acquiring an additional 1,237,385 shares during the period. Bank of New York Mellon Corp grew its stake in Alphabet by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider's stock worth $9,011,412,000 after acquiring an additional 238,403 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Alphabet by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 37,233,079 shares of the information services provider's stock worth $6,175,106,000 after purchasing an additional 523,416 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Alphabet by 1.8% during the second quarter. American Century Companies Inc. now owns 23,465,190 shares of the information services provider's stock worth $4,274,184,000 after purchasing an additional 418,204 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Insider Activity

In other news, Director Kavitark Ram Shriram sold 37,134 shares of the business's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now owns 282,832 shares of the company's stock, valued at approximately $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O'toole sold 1,367 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $168.84, for a total transaction of $230,804.28. Following the completion of the sale, the chief accounting officer now directly owns 29,183 shares in the company, valued at approximately $4,927,257.72. This trade represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,623 shares of company stock worth $34,413,006. 11.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

GOOGL has been the subject of several analyst reports. Seaport Res Ptn upgraded Alphabet from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. JMP Securities upped their price objective on shares of Alphabet from $200.00 to $220.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a "strong-buy" rating in a research report on Friday, November 1st. Loop Capital upped their price target on shares of Alphabet from $170.00 to $185.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on shares of Alphabet from $190.00 to $205.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $206.08.

Alphabet Stock Up 3.6 %

NASDAQ GOOGL traded up $6.84 during trading hours on Monday, reaching $196.66. 44,892,771 shares of the company traded hands, compared to its average volume of 27,470,133. The stock has a market capitalization of $2.41 trillion, a PE ratio of 26.08, a PEG ratio of 1.39 and a beta of 1.01. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $199.00. The company has a 50 day moving average of $172.31 and a two-hundred day moving average of $170.80.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.83 by $0.29. The business had revenue of $88.27 billion for the quarter, compared to analysts' expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 8.01 earnings per share for the current year.

Alphabet Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.80 annualized dividend and a dividend yield of 0.41%. Alphabet's payout ratio is 10.61%.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.